Fulfill your dream to study in top Study in the Germany universities with hassle-free loans covering tuition, living, and travel — at competitive rates.
Flexible and low interest options to suit your needs.
No security required for reputed universities.
Repay only when you start earning.
One-stop solution for all education-related costs.
30K+ Students Counselled
600+ Universities
Uncertain policies in major study destinations are making students reconsider their plans, and Germany is now emerging as one of the strongest and most stable options. While many students are concerned about the increase in immediate funds required for blocked accounts, this update was introduced to match rising inflation and not to make international education difficult.
Germany continues to maintain student-friendly visa rules, a welcoming culture, world-class universities, and some of the most affordable education pathways in the world. With the right planning, strong finances, and academic clarity, Germany remains a highly rewarding option for Indian students looking for quality education and global careers.
| Factor | Details |
|---|---|
| Average Study Cost | ₹7,50,000 – ₹18,00,000 per year (varies by course & institution) |
| Average Living Cost | ₹5,00,000 – ₹12,00,000 per year |
| Funding Options | Scholarships, education loans, blocked account, family funds, part-time jobs |
| Intakes | October (major), April (limited) |
| Visa Types | National Visa (D-Type) for long-term study |
| Top Student Cities | Berlin, Munich, Frankfurt, Heidelberg, Hamburg |
| Visa Fee | Approx. ₹7,000 – ₹15,000 |
Germany offers globally respected education, often at little to no tuition cost in public universities. Engineering, IT, management, data science, research, and STEM fields are top choices for Indian students.
Germany is also one of the world’s most research-driven nations, offering modern labs, industry-linked projects, and pathways into global companies like Bosch, SAP, BMW, Siemens, and Mercedes-Benz.
Many programs are available in English, but learning German significantly improves:
If you pause today because of policy headlines, others will move ahead of you tomorrow.
Submit your profile and loan requirements through our simple online form.
Receive loan offers matched to your profile from top partners.
We help gather and verify all your required documents quickly.
Our experts handle coordination with banks/NBFCs for fast sanction.
Funds are sent directly to the university or your account as needed.
| University | UG Requirements | PG Requirements | MBA Requirements | Popular Fields |
|---|---|---|---|---|
| Technical University of Munich (TUM) | 12th with strong math/science | Bachelor’s 3.6+ GPA, GRE recommended | Bachelor’s + 2–3 yrs exp, GMAT | Engineering, CS, Management |
| Heidelberg University | Strong academics in 12th | Bachelor’s + IELTS 6.5+ | Bachelor’s + 3 yrs exp + GMAT/GRE | Medicine, Physics, Law |
| University of Bonn | 12th + German (for some courses) | Bachelor’s + IELTS 6.5+ / German | Bachelor’s + 2–3 yrs exp | Econ, Math, CS |
| University of Göttingen | Good academic score in 12th | Bachelor’s + IELTS 6.5+ / TestDaF | Bachelor’s + 3 yrs exp | Agriculture, Data Science |
| University of Würzburg | Subject-aligned 12th | Bachelor’s + IELTS 6.5+ or German | Bachelor’s + 3–5 yrs exp | AI, Psychology, Medicine |
Age: No strict age limit; academic criteria matter more.
Mandatory for Indian students as it verifies their academic records.
| Test | Expected Score |
|---|---|
| IELTS | 6.0 – 6.5 |
| TOEFL | 80+ |
Programs taught in German:
To secure your Germany student visa, you must submit:
Strong financial documentation makes the process smoother.
| Expense | Estimated Cost |
|---|---|
| Tuition (Public Universities) | €0 – €3,000/year (many free) |
| Tuition (Private Universities) | €10,000 – €20,000/year |
| Visa Fee | €75 – €120 |
| Health Insurance | €80 – €120/month |
| Rent | €300 – €800/month |
| Food | €150 – €300/month |
| Utilities | €100 – €200/month |
| Transportation | €30 – €60/month |
| Books & Supplies | €200 – €500/year |
| Phone & Internet | €30 – €50/month |
| Personal Expenses | €100 – €250/month |
Blocked account requirement: approx €11,208/year (~₹10 lakh) (subject to annual revision)
| Scholarship | Benefits | Eligibility | Level |
|---|---|---|---|
| German Chancellor Fellowship | Monthly €2,000 – €2,500 | Strong leadership profile, project plan | Master’s |
| Unimoni Student Stars | Tuition + living support | Merit + need | UG & PG |
| Konrad-Adenauer-Stiftung | €850/month (PG), €1,200/month (PhD) | Academic merit + basic German | Master’s & PhD |
Scholarships can reduce both tuition and living costs.
Students can work part-time to support living expenses through:
Follow permitted work hours as per visa rules.
Germany offers a structured path:
| Route | Eligibility |
|---|---|
| Standard PR | Stay 5 years + valid income proof |
| German Degree + Employment | PR in 2–3 years (often via EU Blue Card) |
Strategic planning helps convert your education into long-term settlement.
Our Germany guidance covers:
| Expense Type | Average Annual Cost (EUR) |
|---|---|
| Tuition Fees (Public Universities) | 0 – 1,500 |
| Tuition Fees (Private Universities) | 10,000 – 20,000 |
| Living Expenses | 12,000 – 15,000 |
| Health Insurance | 1,200 – 1,500 |
| Travel & Miscellaneous | 1,000 – 2,000 |
Estimated annual cost: €13,000 – €20,000 (≈ ₹12 – 18 Lakhs).
Although tuition may be low, students still need to show proof of funds to secure their student visa (Visum zum Studium).The German consulate requires students to deposit at least €11,208 (2024 rate) in a Blocked Account, in addition to showing proof of tuition and travel funds.
| Loan Type | Description | Collateral Requirement | Interest Range (p.a.) |
|---|---|---|---|
| Secured Loan | Backed by tangible collateral like property or fixed deposit | Yes | 9.75% – 10.75% |
| Unsecured Loan | Based on co-applicant income and academic profile | No | 10.75% – 13.5% |
| Lender / Institution | Loan Type | Max Loan Amount | Interest Range (Approx.) | Special Notes |
|---|---|---|---|---|
| State Bank of India (SBI) | Secured | ₹1.5 Crore | 9.8 – 10.5% | Offers both tuition & blocked account funding |
| Bank of BAroda (BOB) | Secured | ₹1.25 Crore | 9.9 – 10.75% | Low margin money, flexible repayment |
| Union Bank of India (UBI) | Secured | ₹1.25 Crore | 10 – 10.75% | Sanction valid for 6 months pre-visa |
| ICICI Bank | Unsecured | ₹50 Lakhs | 10.75 – 12.5% | Collateral-free loans for top German institutes |
| Axis Bank | Unsecured | ₹50 Lakhs | 11 – 12.75% | Collateral-free loans for top German institutes |
| Credila | Unsecured | ₹60 Lakhs | 11 – 13% | Dedicated Germany loan program |
| Avanse / InCred Finance | Unsecured (NBFC) | ₹40 – 50 Lakhs | 11.25 – 13.5% | No collateral, fast approval |
| Prodigy FinancE | International | USD / EUR 100,000 | 11 – 13.5% | No co-applicant required |
| MPOWER Financing | International | USD 100,000 | 12 – 14% | Supports top STEM programs in Germany |
Education loans through PayStudy can cover:
Most lenders provide up to 100 % coverage of total study expenses.
| Parameter | Requirement |
|---|---|
| Nationality | Indian citizen |
| Age | 18 years and above |
| Admission Status | Letter of Admission from a recognized German university or Hochschule |
| Course | Full-time UG/PG or Master’s program |
| Co-Applicant | Required for unsecured loans |
| Collateral | Required for secured loans |
| Blocked Account | Mandatory for visa approval |
Processing Time: 10–15 working days (loan + blocked account setup).
| Lender | Tenure | Moratorium | Repayment Type |
|---|---|---|---|
| SBI / BOB / UBI | Up to 15 years | Course + 12 months | EMI or Simple Interest |
| ICICI / Axis | Up to 10 years | Course + 6 months | EMI or Partial Interest |
| Credila / Avanse | Up to 12 years | Course + 12 months | FPSI / EMI |
| MPOWER / Prodigy | Up to 20 years | Course + 6 months | EUR / USD EMI |
Tip: Most banks allow repayment from Germany after employment, using international remittance channels like PayFX.
€11,208 for one year + health insurance (€1,200 approx).
To reduce loan dependency, students can combine financing with popular Australian scholarships such as
PayStudy counsellors help students plan mixed financing (loan + scholarship) for optimal affordability.
Interest paid on education loans for German studies qualifies for tax deduction under Section 80E for 8 consecutive years post-repayment.
Are you ready to transform your life?
Check Your Education Loan Eligibility
Get your education loan eligible within a minute.
